Saraswati Saree Depot Ltd. (SSDL) has announced that Mr. Nikhil Shankar Dulhani, the Head of Investor Relations, has tendered his resignation, effective April 1, 2025. Mr. Dulhani has decided to dedicate more time towards managing and overseeing his family office, a personal business venture. The resignation has been accepted, and he will be relieved from his duties immediately.

This decision was made following Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided a detailed disclosure in accordance with Schedule III of the SEBI Listing Regulations, which is included in Annexure A of the formal announcement. This disclosure follows the guidance set forth in SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 issued on July 13, 2023.

In his resignation letter, Mr. Dulhani expressed his sincere thanks to the Board of Directors, Senior Management, and colleagues for their unwavering support and cooperation throughout his tenure. He acknowledged the positive working relationships and thanked the organization for its opportunities and growth during his time with the company.

Details of Resignation:

• Reason for Change: Resignation to focus on managing his family office.

• Date of Resignation: April 1, 2025.

• Relief Date: Mr. Dulhani is relieved from his duties with immediate effect.

• Profile: As per the resignation details, no new appointments are made, and the profile of Mr. Dulhani is not applicable for a replacement or reappointment in this case.

Saraswati Saree Depot Ltd. acknowledged Mr. Dulhani's valuable contributions during his tenure and wishes him all the best in his future endeavors.

About Saraswati Saree Depot Ltd.

Saraswati Saree Depot Ltd., based in Kolhapur, Maharashtra, is a key player in the saree and textile industry. The company offers a wide range of sarees and related products, catering to the diverse needs of the Indian market. With a strong reputation built on trust and quality, SSDL has expanded its presence both in India and overseas.

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